The Federal Trade Commission may be ready to get tough with America's for-profit colleges. That makes sense. The business model of many for-profit colleges is built on deception -- if students actually had all the relevant information, they wouldn't enroll.

Patent privateering changes the dimensions and threat of patent litigation. In the patent ecosystem, firms may be reluctant to sue or may reach efficient accommodations with other firms that possess IP because of the threat of countersuit -- which could lead to mutually assured destruction.